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Chapter 700 Buy

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    ??

    The phone rang, asking for real-time news on the stock market, and he put the news in his hand on Ren Jiacai's desk.  But this time, Ren Jiacai did not pick up the information they handed over one by one and analyze it like last week or like he had done in the past two or three years.

    Instead, just like before, they hugged each other, sat upright in front of the table, closed their eyes, and waited for the men to finish telling the news, then gave a gentle hum, and then said nothing.

    This is very strange and seems a bit too arrogant and arrogant.  But Mr. Ren didn't say anything, and it was just the beginning, so everyone didn't think too much and concentrated on communicating the stock information they were responsible for on the other end of the phone.

    "It's fallen! It's fallen! Mr. Ren, it's fallen!" The Dow opened 67 points lower. The first person to learn this information was very excited.

    Because the purpose of their stay here is for the word "fall".

    Who knew that Ren Jiacai remained calm, opened his eyes, looked at the excited first person, and replied calmly: "I know, continue working."

    The momentum of excitement was once again interrupted.

    ¡°Well, Mr. Ren is too calm.  But the method is that the boss should behave like a general at this time, and people like him will naturally have to keep up.  Otherwise, the minions are too bad, and the so-called style of a general is just the style of a mountain king.

    On the other side, after Hall went back, he didn¡¯t know why, but he always felt that after the Ren family took the phone call, his whole demeanor suddenly changed.

    If you were in front of me before, you could still feel his caution, but after that, the other person seemed to suddenly "stand up" and looked directly into your eyes with a provocation.

    ¡°Whether it is or not, in Hall¡¯s view, it is provocation.

    "Maybe he is a genius, his analysis of Monday's situation is correct, and like a hunter, he is ready to get a beautiful victory on Monday's battlefield."

    "But maybe he forgot, or simply didn't understand. On Wall Street, everyone is a hunter, and everyone is prey."

    "They are still too young. They hold 700 million US dollars in their hands. They think they have the world in their hands, and they actually want to do something on Wall Street. If they want to do something, they must abide by our rules. Guys who do not abide by the rules should  Teach them a lesson."

    "I propose that we spend US$500 million to follow the stock buying behavior of this company. No matter what the market purchase price is, we will buy it at a premium of 1 to 5 percentage points.

    Carry out targeted follow-up so that they cannot buy enough stocks.  At that time, he should have understood that if Goldman Sachs wants to make money, it does not necessarily have to cooperate with him.  "

    Hall¡¯s suggestion was not approved by most people at first, but for them, senior managers, or senior partners.  As long as Hall believes that his plan is feasible, he can basically use the company's resources to operate it.

    Hall¡¯s plan does sound feasible.  It's just that most people still tend to be conservative. It's better not to take action rashly until the situation becomes unclear on Monday.

    But in the end, some people agreed with Hall's proposal.  Although risks exist, the situation on Monday is not optimistic.  But it is true and certain that Ren Jiacai, who came from Guangdong and Hong Kong, holds US$700 million.

    ¡°If we can really control the Ren family¡¯s throat in stock buying, maybe by then, even if the Ren family makes a fortune in the stock market, I¡¯m afraid they will have to give a part, or even a large part, to Goldman Sachs.

    Standing next to Hall was still White, the previous assistant.

    ? 11 a.m. U.S. time.  The Dow Jones Industrial Average fell all the way from the opening, and no one knew how to stop the deterioration of the situation.  Some people proposed closing the market, but no one dared to make a decision.  The New York Stock Exchange was concerned about Wall Street's "vane" role in global stock markets, so it had no choice but to hold on.

    White looked at the livid face of his boss Hall and asked cautiously: "That Ren may be right, but why haven't they taken action now?"

    Hall said lightly: "Maybe it's because he is crazy enough and thinks this is not enough."

    "But, this is already 10%! Isn't this enough?!" White couldn't believe what Hall said.  What kind of madman would think that wasn't enough.

    You know, in just a short time, countless millionaires have become poor.  Maybe at this moment, someone is already standing on the tall building, hesitating whether to descend from there immediately.

    Hall doesn¡¯t know if his idea is correct.  After all, the last time something like this happened was at least several decades ago.

    In the past ten years, the U.S. economy has been growing year by year.There is almost no sign that anything like the Great Depression of 1929 will happen again in the United States.

    Before eleven o'clock, Ren Jiacai didn't let his subordinates buy it.  Just let them keep calling to communicate and understand the latest situation.

    When the stock price plummeted by 10%, subordinates kept suggesting that Mr. Ren should buy it.  But Ren Jiacai did not follow their advice.

    It wasn¡¯t until around 1 p.m. that the Ren family paid attention to Securities and Exchange Commission Chairman David Rudd¡¯s speech in Washington.

    After waiting for a few minutes, at 1:09, news came from Washington. David Rudd said: "At a critical moment, although we don't know when this critical moment will be, I will trade with stocks."  Discussed temporarily closing the exchange.¡±

    After hearing the news, the Ren family suddenly stood up, and the chair behind him fell directly to the ground, making a noise that resounded throughout the office.

    "Now pay attention, remind each group, no matter how much money, buy them all!"

    Once this instruction, which was obviously completely different from that of the vast majority of people in the market, was issued, subordinates finally began to realize that today's battle had officially begun.

    Unlike Ren Jiacai, the traders who heard this speech were afraid that once the exchange was closed, the stocks they had not had time to sell would immediately become worthless.  Thousands of dollars will be reduced to ashes.

    Based on this, they had to quickly "dump stocks" at this time.

    The Dow Jones Industrial Average plummeted like an obsession. By 2 p.m., it had dropped 250 points. More than 400 million shares had changed hands, and the computer was 100 minutes behind the actual trading speed.  In the meantime, SEC officials came out to clarify that they were not discussing closing the exchange.

    But it was too late, the disaster could no longer be stopped.

    On the other hand, after hearing about Ren Jiacai's actions, Hall immediately ordered Goldman Sachs traders to keep an eye on Ren Jiacai's hundreds of stocks, follow them with all their strength, and always buy at a price slightly higher than Ren Jiacai's.  Enter the price to perform the buying operation.

    This has brought a lot of trouble to Ren Jiacai's men.

    According to Mr. Ren¡¯s original plan, for the short orders they placed on Friday, they must be sure to spot the falling trend on Monday and buy back the sold stocks at a low price to close the position.  (Remember the website address: www.hlnovel.com
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